Fannie Mae Financial Engineer Interview Questions & Reviews
Getting an Interview
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Financial Engineer Interview (Negative Experience; Easy Interview)
I applied online and the process took 3+ weeks - interviewed at Fannie Mae in December 2012.
Interview Details – found the job posting from internal job database. minimum HR involved. had 2 rounds of panel interviews, during both interviews, management from different teams were arguing with one another, moreover, VP was yelling at one of his director right in front of my face. I was offered 3rd round interview with the VP, I turned down the interview due to obsearvations made in previous 2 interviews. Sensed tight conflicts within the org, and unpleasant management styles.
Interview Question – The hiring manager told me the job description and responsibilities, those are what I am interested and good at. Then all of a sudden, another manager in the interview asked me if I am willing to do the job if it is nothing like what the hiring manager had said. Answer Question
Financial Engineer Interview (Neutral Experience; Average Interview)
I applied through a recruiter and the process took 5 days - interviewed at Fannie Mae.
Interview Details – just a phone interview and being rejected
Interview Question – what's the philosophy behind black scholes model Answer Question
Financial Engineer Interview (Positive Experience; Average Interview)
I applied through college or university and the process took a day - interviewed at Fannie Mae in May 2011.
Interview Details – I got the interview through the director of my program, the interview took one day, we first had lunch with the senior management. then we had two 30 min interview, one is basically behavioral questions like "tell me about this project you did, is there any way you can change the way you did it?"
Another is sort of technical, I was asked to describe the projects I did in a C++ class, and also asked about the real estate asset valuation method. another is a case interview, asked me how to choose two projects for fannie mae, basically you need to NPV and IRR are the 2 ways to evaluate a project.
Interview Question – how to evaluate a real estate property View Answer
Negotiation Details – no negotiation
Financial Engineer Interview (Negative Experience; Average Interview)
The process took 2 days - interviewed at Fannie Mae in October 2010.
Interview Details – 3 rounds, mini-presentation to a panel
Interview Question – What's an example of a time you failed miserably? View Answer
Reason for Declining – Seemed like a terrible place to work. People were foolishly arrogant.
Financial Engineer Interview (Positive Experience; Difficult Interview)
I applied online and the process took 2 days - interviewed at Fannie Mae in January 2010.
Interview Details – intial phone discussion with recruiter
1st rd: phone interview with quant team
final rd: 1:1 interview with vp, laid back...group/panel interview with directors and team members, grilled with math, finance, derivatives, and programming questions...questions focused on bond math, callable/putable bonds, matrix math, coding algorithms, options pricing, and prepayment basics
Financial Engineering Interview (Neutral Experience; Difficult Interview)
I applied online and the process took a day - interviewed at Fannie Mae in October 2010.
Interview Details – The first round phone interview was very technical. The interviewer was a financial economist. The topics include bond math, options pricing, derivatives on bond, monte carlo simulation, and various other financial math questions. The overall level of difficulty was not that bad. I think I got 80% of the questions right with minimum amount of hint. But, I did not get the offer. No resume questions were asked and there was no room for making personal connections through a more casual conversation.
Interview Question – How to model the prepayment risk and default risk on a bond using calls and puts? Answer Question
Financial Engineer Interview (Negative Experience; Difficult Interview)
I applied online and the process took 2 weeks - interviewed at Fannie Mae in April 2010.
Interview Details – I had applied online on the fannie mae career website. I was contacted by an Recruiter from fannie mae 3 weeks after i applied. He seemed nice and asked general questions about my background and informed me the job i had applied and scheduled an interview with the team for which the positions was. The interview was technical and generally consisted of general questions. He also asked me few technical questions and if i had applied any of the softwares i had learnt in actual jobs. The interviewer although i felt was less interactive.I would recommend get your financial basics clear if your applying here. I guess that is of prime importance
Interviews for Top Jobs at Fannie Mae